Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.

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Great Ajax Corp > If you don't like the Kubota deal...

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Post by sparkyAgon Oct 24, 2021 10:03am

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Post# 34041840

If you don't like the Kubota deal...

What AJX shareholders can do: Vote NO.

(Note: among other things, removes Kubota contractual right to match a bid. Thus creating a friendlier environment for other interested parties.)

What an entity interested in AJX's business and IP can do:

Make a Tender Offer for two thirds of AgJunction shares at C$1 (pro rata for accepting AJX shareholders).
Buy C$20 million of AgJunction Preferred shares from AgJunction.
Pursue a patent infringement action against Topcon Positioning Systems.
Restructure the Board.
Wisely influence the future of AJX as a public company.